Business Topics

Raw material costs pushed wholesale prices higher in August

Sep 10, 2014

Raw material costs pushed wholesale prices higher in August

Wholesale prices rose 3.9 percent in August from a year earlier for the 17th straight monthly increase amid higher energy and raw material costs, the Bank of Japan said Wednesday. The result almost matched forecasts by private economists. The pace of rise was slower ...

Core machinery orders up 3.5% in July but recovery pace slows

Sep 10, 2014

Core machinery orders up 3.5% in July but recovery pace slows

Core private-sector machinery orders in July rose 3.5 percent from the previous month to ¥771.7 billion after seasonal adjustment, led by a one-off increase in big orders from the chemical industry, the government said Wednesday. Core orders, or private-sector orders excluding those for ships ...

Sep 9, 2014

Abe needs more stimulus to raise sales tax, adviser Itoh says

The administration should consider a supplementary budget this year and will need to add stimulus for the economy to weather the planned increase in the consumption tax in 2015, according to Motoshige Itoh, a member of an advisory panel to Prime Minister Shinzo Abe. ...

Sep 9, 2014

Australia urges Japan to further lower beef tariffs in TPP

Australia is urging Japan to further lower its tariffs on beef under the Trans-Pacific Partnership after Tokyo agreed to substantially cut them under a two-way free trade deal struck in April, negotiation sources said Tuesday. Australia, which became the first major farming country to ...

Japan current account balance back in black

Sep 8, 2014

Japan current account balance back in black

The nation’s current account balance was in the black for the first time in two months in July, hitting ¥416.7 billion as the income from foreign investments rose to a record high for the month, outweighing the trade deficit, the government said Monday. Imports ...

Sep 8, 2014

Business confidence fell in August as downpours hit nation

Business confidence among workers sensitive to economic trends fell in August for the first time in four months as prolonged rain and typhoons discouraged consumers from spending. The diffusion index of responses to the government’s survey of “economy watchers” such as taxi drivers and ...